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315 Wabash Street

315 Wabash Street, Elgin, IL 60123
Property in Southwest Elgin
Sold Nov 25, 2013
$110,000
Seller
$81,572 by Bay Equity Llc
Mortgage Due Mar 01, 2036
Sold Jul 03, 2013
$44,299
315 Wabash Street in Elgin, IL was first built in 1900 and is 124 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a unknown style. It is a single story home. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 315 Wabash Street has 750 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 660 ft and the linear feet between the front and back of the lot is 1,320. In total, the area measurement of the land is 8,712 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a detached garage. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 315 Wabash Street sold most recently in Nov 13, 2013 for a total of $110,000. If you work out the math, that's approximately a cost of $81.48 per sqft. Before that, the property was also sold for $44,299 in May 28, 2013. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,477 in taxes each year. 315 Wabash Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $46,095. If we break it down further, the land itself was valued at $14,415. Improvements to the property, however, were assessed at a total of $31,680. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Construction Type: Frame
  • Building Style: Unknown
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 600
  • Garage Type: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 660
  • Total Building Area: 1,350
  • Gross Building Area: 1,350
  • Building Area: 750
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 750
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: J C&W H KIMBALLS 4TH ADDN
  • Land Acres: 0.2
  • Standard Land Use Code: Single family residential
  • Legal Description 1: J C & W H KIMBALLS 4TH ADDN LOT 5 BLOCK 2

Ownership

  • Current Owner : ORNELAS JUAN M
  • Previous Owner : ANGEL JUAN
  • Owner Before Previous Owner: HSBC BANK USA NA
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: School District U-46
  • Census Tract: 851600

Geography

  • Parcel: 06-23-131-006
  • Block: 2
  • Lot: 5
  • Municipality: ELGIN
  • Latitude: 42.0282
  • Longitude: -88.295

    Address

  • Full Address: 315 Wabash St
  • Address - House Number: 315
  • Address - Street Name: Wabash
  • Address - Suffix Type: St
  • State: IL
  • City Name: Elgin
  • Carrier Code: C039
  • 4-Digit Zip Code: 7417
  • Zip Code: 60123

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,477
  • Tax Rate Code Area: EL005

    Appraisal Valuation

  • Standard Deviation: 0.1389
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 83
  • Final Value: 196,211
  • High Value: 223,465
  • Low Value: 168,956

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $81,572
  • First Open Lien Mortgage Lender: BAY EQUITY LLC
  • First Open Lien Mortgage Recording Date: Apr 19, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $81,572
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2036

    Market Valuation

  • Market Total Value: $138,340
  • Market Land Value: $43,262
  • Market Improvement Value: $95,078

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $46,095
  • Assessed Land Value: $14,415
  • Assessed Improvements Value: $31,680

    Sales

  • Current Sale Contract Date: Nov 13, 2013
  • Current Sale Recording Date: Nov 25, 2013
  • Current Sale Transaction ID: 1086885552
  • Current Sale Price: $110,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2013K082673
  • Previous Sale Recording Date: Jul 03, 2013
  • Previous Sale Contract Date: May 28, 2013
  • Previous Sale Amount: $44,299
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PLATINUM HOME MORTGAGE CORP
  • First Mortgage Transaction Date: Nov 25, 2013
  • First Mortgage Loan Amount: $87,900
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2043

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Southwest Elgin



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Unit for rent at 1812 W Highland Avenue, Elgin, IL, 60123

$1,695 /mo

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1812 W Highland Avenue #B, Elgin, IL, 60123 Listing by Michael Zwemke

Frequently Asked Questions

What neighborhood is 315 Wabash Street located in?
The 315 Wabash Street is a located in the neighborhood of Southwest Elgin in Southwest Elgin, Elgin.
What is the average sales price for listings in 315 Wabash Street?
The average sales price for units in 315 Wabash Street is $0 currently.

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